Lockheed Martin Australia is a wholly-owned subsidiary the US-based Lockheed Martin Corporation. In 2013, Lockheed Martin employed over 900 people in Australia and New Zealand and had annual turnover in excess of A$270 million. The company was placed 11th in the ADM Magazine 'Top 40' list of Australian Defence Contractors.
Australian operations are headed by a Chief Executive who reports to a Board of Directors comprising both Australian and US-based executives. The Board usually meets twice a year in Australia.
Lockheed Martin Australia operations are broadly spread across each of the mainland states, however, the major concentration of employees (eg: over 150 per site) are located in The Australian Capital Territory (Canberra), South Australia (Adelaide) and Victoria (Melbourne).